Australia and Oceania: Metal Furniture Lock Market 2025

Metal Furniture Lock Market Size in Australia and Oceania

The metal furniture lock market in Australia and Oceania surged to $X in 2022, jumping by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Metal Furniture Lock Production in Australia and Oceania

In value terms, metal furniture lock production soared to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Metal Furniture Lock Exports

Exports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in shipments abroad of base metal furniture locks, when their volume decreased by X% to X tons. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal furniture lock exports dropped notably to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia was the main exporter of base metal furniture locks in Australia and Oceania, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal furniture lock exports from Australia stood at X%. New Zealand experienced a relatively flat trend pattern. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest metal furniture lock supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal furniture lock export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Metal Furniture Lock Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of base metal furniture locks increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal furniture lock imports skyrocketed to $X in 2022. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons), achieving a X% share of total imports. The following importers - Papua New Guinea (X tons) and Fiji (X tons) - each amounted to a X% share of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported base metal furniture locks in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, metal furniture lock imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal furniture lock import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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